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Richard Esin

10 Apr 2017
Amid concerns that a yearly rural-urban migration of over 5 per cent requires 720,000 housing units annually to fill the nation’s housing deficit, Federal Mortgage Bank of Nigeria (FMBN) has uploaded 1,500 housing units into the property market. The units developed by the bank in seven states; namely, Taraba, Kwara, Enugu, Ebonyi, Imo, Nassarawa and…
31 Jan 2017
The Federal Mortgage Bank of Nigeria (FMBN) has posted operating surplus of N2.7 billion for the year ended December 31, 2016, marking the Bank’s return to profitability for the first time in over two decades.
26 Jan 2017
The Federal Mortgage Bank of Nigeria (FMBN) has said that it has sought for legislative intervention for the upward review of the bank’s capital base to N500billion as endorsed by the National Council of Housing...
25 Nov 2016
National Housing Fund (NHF) Acting Managing Director of the Federal Mortgage Bank of Nigeria (FMBN), Mr. Richard Esin, has urged the Federal Government to re-capitalise the FMBN from its current capital base of N2.5 billion to N500 billion.
26 Sep 2016
Recently, FMBN had called on the Economic and Financial Crimes Commission (EFCC) to wade debts owed the organisation, especially misappropriated contributory funds under NHF.
12 Sep 2016
The Federal Mortgage Bank of Nigeria (FMBN) has also moved to ensure the Economic and Financial Crimes Commission (EFCC) recovered misappropriated contributory funds under the National Housing Fund (NHF).
24 Aug 2016
The Federal Mortgage Bank of Nigeria (FMBN), is seeking the assistance of the Economic & Financial Crimes Commission (EFCC), in the recovery of about N90 billion bad debts from fraudulent developers and others who obtained housing loans...

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